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Mazars has announced its UK business has grown by 23% in the year to 31 August 2022, reporting revenues of £288m in the period.
According to the firm, growth was strong across all service lines and sectors, in both audit and non-audit.
Its headcount grew to 2,890, an increase of 18.5% from the previous year, and the firm promoted 980 employees over the period. The team also committed 9,000 hours to wellbeing and volunteering projects.
Mazars Group, which operates in nearly 100 countries worldwide, grew by 16.4% in the year, reaching €2.45bn (£2.1bn) in fee income. It performed strongly across all geographies, with particularly significant growth in Africa and the Middle East (21.7%), the Americas (22.4%) and Asia-Pacific (17.1%).
We are harnessing the firm’s positive momentum to invest in building the team of the future. From defining enhanced career pathways to creating a culture of mentorship across the firm, we are investing today to build a team with the skills, resources and support to succeed in the future.
Phil Verity, UK CEO and senior partner – international board member, said: “The business environment is uncertain, but we remain driven by our relationships with our clients, supporting them through a volatile and shifting economy, and consistently delivering quality work.”
Hervé Helias, CEO and chairman, Mazars Group, added: “Despite a complex global environment, 2022 was an excellent year for Mazars across all geographies and service lines. Our performance confirms the quality and relevance of our services, as we continue our drive to offer choice and a different perspective in a highly concentrated market; providing essential competition for the healthy functioning of financial markets.”
